By Colin Kellaher

 

Caribou Biosciences Inc. on Tuesday said the U.S. Food and Drug Administration granted fast-track designation to CB-011, in development for relapsed or refractory multiple myeloma.

The Berkeley, Calif., clinical-stage biopharmaceutical company said it recently dosed its first patient in a Phase 1 study of CB-011 in patients with the fatal blood cancer.

The FDA's fast-track program is designed to facilitate the development and expedite the review of treatments for serious or potentially life-threatening illnesses with high unmet medical needs.

CB-011 is the second product candidate from Caribou's allogeneic CAR-T cell-therapy platform.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

April 04, 2023 08:43 ET (12:43 GMT)

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